Dundee, United Kingdom

Mathematics and Financial Economics

Bachelor's
Language: EnglishStudies in English
Subject area: mathematics and statistics
Qualification: BSc
Kind of studies: full-time studies
Bachelor of Science (BSc)
University website: www.dundee.ac.uk
Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Financial Economics
Financial economics is the branch of economics characterized by a "concentration on monetary activities", in which "money of one type or another is likely to appear on both sides of a trade". Its concern is thus the interrelation of financial variables, such as prices, interest rates and shares, as opposed to those concerning the real economy. It has two main areas of focus: asset pricing (or "investment theory") and corporate finance; the first being the perspective of providers of capital, i.e. investors, and the second of users of capital.
Mathematics
Mathematics (from Greek μάθημα máthēma, "knowledge, study, learning") is the study of such topics as quantity, structure, space, and change. It has no generally accepted definition.
Mathematics
Think of it: of the infinity of real numbers, those that are most important to mathematics—0, 1, √2, e and π—are located within less than four units on the number line. A remarkable coincidence? A mere detail in the Creator's grand design? I let the reader decide.
Eli Maor, e: The Story of a Number (1994)
Mathematics
By relieving the brain of all unnecessary work, a good notation sets it free to concentrate on more advanced problems, and in effect increases... mental power... Probably nothing in the modern world would have more astonished a Greek mathematician than to learn that, under the influence of compulsory education, the whole population of Western Europe, from the highest to the lowest, could perform the operation of division for the largest numbers. This fact would have seemed to him a sheer impossibility.
Alfred North Whitehead, An Introduction to Mathematics (1911) Ch. 5, p. 59.
Economics
In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics.
Ronald Coase, The firm, the market and the law (1988) Chapter 6. A remark on "The problem of social cost" (last sentence).
Privacy Policy